WAITING ON THE SNOW TO FLY

BOO! Did we wake you up from your sugar crash?

THE MOST BEAUTIFUL TIME OF THE YEAR

With Halloween and Thanksgiving now behind us it really feels like we are in the heart of fall and waiting on the snow to fly. These are some of the most beautiful days of the year and we love seeing all the colourful leaves in our listing photos. Our photographer recently stated these are some of the most vibrant colours he has seen.  So, if you are considering listing now is a great time to really show off your property!

MARKET CRASH? 

Speaking of crash, what is going on in the local market? This year has been one of our country’s most difficult years economically with high inflation and the resulting high interest rates as the Bank of Canada tries to calm things down. We are frequently getting notices of fluctuating mortgage rates and it can be tough to navigate as a Buyer. 

Sellers, of course, are concerned about the value of their home and whether now is a good time to sell. In a moment like this, it is important to block out the attention-grabbing headlines and buzz around the dip in sale prices and put everything in perspective.

We are currently seeing sale prices around the same amounts as this time last year. If you remember, towards the end of 2021 all everyone could talk about was how wild and out of control prices were. We were seeing multiple offers and sale prices much over asking. So, while we are not seeing the same level of frantic behaviour on current listings the prices are similar.

The beginning of 2022 saw an out-of-control spike in prices that has now come back down and as of September it looked like things were levelling out. All that to say, if you are looking to make a move currently you can take advantage of the time you have to methodically go through conditions on your purchase and rest assured that when you sell your home the Buyers are not being pushed into an uncomfortable and stretched position that may threaten the closing of your home.

IN REMEMBRANCE

With Monster Month behind us it is now time to look towards Remembrance Day here in Centre Wellington. The Wellington County Museum will be hosting a ceremony November 3rd at 10:30AM and the Halloween decorations will be replaced with crosses with the names of those lost from Wellington County. There will also be a candle lighting ceremony at the Museum on November 10 at 5:30PM. 

There will also be ceremonies held at the following locations:

–        Nov. 10 at 12:30pm at the Belwood Cenotaph;

–        Nov. 11 at 9:30am at the Salem Cenotaph;

–        Nov. 11 at 11am at the Elora Cenotaph; and

–        Nov. 11 at 11am at the Fergus Cenotaph, with a parade leaving the Fergus Legion at about 10:30am.

If you haven’t yet, don’t forget to go and get your poppy!

Impact Realty Group